Shipping Land (SCILAL)
Asset PlayFairStock Score: 10/100 — RISKY
Score breakdown: P/E: 0/3 · ROCE: 0/2 · Growth: 1/2 · Dividend: 0/1
Key Financials
| Current Price | ₹40.32 |
| Market Cap | ₹1,878.1 Cr |
| P/E Ratio | 66.1 |
| ROCE | 2.09% |
| ROE | -6.05% |
| Dividend Yield | 1.36% |
| Profit Growth | 27.06% |
| Debt/Equity | 0 |
| Sales Growth | 3.73% |
| Promoter Holding | 63.75% |
| 52-Week Range | ₹34.3 — ₹55 |
| Sector | Finance |
| Book Value | ₹71.54 |
Strengths
- Zero debt with Debt/Equity of 0.00, providing financial stability
- Trades at a 33% discount to book value (₹46.19 vs ₹68.92)
- Promoter holding of 63.75% aligns management with minority shareholders
- Reports positive profit growth of 9.87% and latest quarterly net profit of ₹11 Cr
- Pays a modest dividend yield of 1.20% while holding assets
Concerns
- Negative ROE of -6.05% and a P/E of 0.00 reflect weak underlying earnings power
- Sales are tiny and shrinking: latest quarter ₹6 Cr, with sales growth of -5.04%
- ROCE of 2.09% indicates poor return on invested capital
- FairStock Score of 0/100 signals high risk, and investment company NAVs can be volatile
AI Analysis
Shipping Land is not a business in the usual sense; it is an investment company. Its latest quarter sales of ₹6 Cr against a market cap of ₹2,134 Cr tell me the market is not paying for operations. It is paying for the asset book. At ₹46.19, the share trades at just 0.67 times book value of ₹68.92. That is a 33% discount to stated net worth. As Graham would say, that is where a margin of safety has to be found. But a discount is only meaningful if the assets are real and eventually realizable. There is no debt, which is good, and promoters hold 63.75%, so their interests are aligned with mine. The dividend yield of 1.20% also gives me some return while I wait. However, the red flags are serious. ROE is negative at -6.05%, and the P/E is 0.00, meaning current earnings power is not there. ROCE of only 2.09% is far below what capital should earn. Sales are declining at -5.04%, and though reported profit grew 9.87%, that may be investment gains rather than durable income. The FairStock Score of 0 out of 100 is a warning to proceed cautiously. I would need to see a detailed breakdown of the investments behind that ₹68.92 book value, their liquidity, and whether management has a plan to unlock value through dividends, buybacks, or asset sales. If the assets are good, the discount can narrow. If the book value is overstated, the cheap price is a trap. This is an asset play, not a compounder.
Data from BSE/NSE filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer